Central America

Central America

Ometepe Island volcanoes in Lake Nicaragua.
28 Jul 2014
When the Nicaraguan government earlier this month approved plans by a Hong Kong-based company to build a canal linking the Pacific with the Caribbean and thus the Atlantic, observers in the maritime industry were largely left scratching their heads.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
Source: Panama Canal Authority
21 Jul 2014
The first gates of the Panama Canal expansion program have been moved to the new locks complex on the Atlantic side, marking another milestone in the $5.25 billion project.
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
Panama Canal locks project
17 Jul 2014
An arbitration hearing is set to begin Monday in Miami on a contractor’s claim for $180 million in cost overruns for expansion of the Panama Canal.
Ocean carrier rate revision roundup for July 11
11 Jul 2014
Multiple container lines have planned general rate increases in several trade routes to take effect Aug. 1...
09 Jul 2014
The Panama Canal Authority, which earlier this year dismissed the possibility of an alternate canal through Nicaragua, had a more cautious reaction this week following the Nicaraguan government’s approval of plans by a Hong Kong-based company for the proposed $40 billion canal.
08 Jul 2014
A Nicaraguan government committee today approved the route of a proposed $40 billion canal project that will bisect the country and rival the Panama Canal waterway linking the Pacific Ocean and the Caribbean.
05 Jul 2014
A decade into CAFTA-DR, the labor rights issue continues to cast a dark shadow over foreign-owned, low-wage manufacturing plants, especially in Guatemala.
04 Jul 2014
Nicaragua has always occupied a special place among CAFTA member states.
04 Jul 2014
A decade after its signing, and five years after full implementation, the Central America Free Trade Agreement may not have transformed Central America into the powerhouse of textile and apparel trade forecast by some optimists, but it has facilitated significant growth in that sector of the region’s economy, along with diversification into other sectors.